Today’s Market Runner: Molina Healthcare, Inc. Has Another Very Strong Trading Session

Today's Market Runner: Molina Healthcare, Inc. Has Another Very Strong Trading Session

The stock of Molina Healthcare, Inc. (NYSE:MOH) is a huge mover today! About 356,134 shares traded hands. Molina Healthcare, Inc. (NYSE:MOH) has declined 14.80% since April 5, 2016 and is downtrending. It has underperformed by 16.76% the S&P500.
The move comes after 7 months positive chart setup for the $3.30 billion company. It was reported on Nov, 7 by Barchart.com. We have $94.67 PT which if reached, will make NYSE:MOH worth $2.08B more.

Molina Healthcare, Inc. (NYSE:MOH) Ratings Coverage

Out of 11 analysts covering Molina Healthcare (NYSE:MOH), 4 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 36% are positive. Molina Healthcare has been the topic of 17 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Equal Weight” rating by Barclays Capital given on Monday, November 2. Goldman Sachs upgraded Molina Healthcare, Inc. (NYSE:MOH) rating on Monday, September 19. Goldman Sachs has “Neutral” rating and $58 price target. Credit Suisse initiated the shares of MOH in a report on Wednesday, December 16 with “Neutral” rating. Jefferies maintained the stock with “Buy” rating in Tuesday, September 13 report. Cantor Fitzgerald maintained it with “Hold” rating and $65 target price in Thursday, September 3 report. The firm has “Positive” rating by Susquehanna given on Friday, September 18. The rating was initiated by JP Morgan on Wednesday, September 16 with “Neutral”. The rating was downgraded by Goldman Sachs on Wednesday, May 4 to “Sell”. The firm has “Underperform” rating by Bank of America given on Friday, April 29. The firm earned “Buy” rating on Friday, April 29 by Stifel Nicolaus.

According to Zacks Investment Research, “Molina Healthcare is a multi-state managed care organization that arranges for the delivery of healthcare services to persons eligible for Medicaid and other programs for low-income families and individuals. It currently operates health plans in California, Washington, Michigan and Utah.”

Insitutional Activity: The institutional sentiment decreased to 1.1 in 2016 Q2. Its down 0.12, from 1.22 in 2016Q1. The ratio turned negative, as 58 funds sold all Molina Healthcare, Inc. shares owned while 76 reduced positions. 46 funds bought stakes while 101 increased positions. They now own 49.13 million shares or 7.28% less from 52.99 million shares in 2016Q1.
Alliancebernstein Lp owns 1.89M shares or 0.08% of their US portfolio. Ameritas Inv Inc accumulated 0.03% or 9,903 shares. Blue Jay Ltd Liability holds 205,270 shares or 6.73% of its portfolio. First Personal Fincl accumulated 0.01% or 418 shares. Capital World Investors holds 0.07% or 5.43 million shares in its portfolio. Jpmorgan Chase & Com has 0.01% invested in the company for 1.09M shares. Senzar Asset Mngmt Limited Liability Company last reported 150,700 shares in the company. Fund Mngmt Sa holds 29,469 shares or 0.01% of its portfolio. Liberty Mutual Grp Incorporated Asset Mgmt has 17,809 shares for 0.03% of their US portfolio. Guggenheim Capital Limited Liability Co has invested 0.02% of its portfolio in Molina Healthcare, Inc. (NYSE:MOH). Old Mutual Glob (Uk) Ltd has 56,381 shares for 0.05% of their US portfolio. Sectoral Asset Mgmt holds 0.79% of its portfolio in Molina Healthcare, Inc. (NYSE:MOH) for 152,900 shares. Credit Suisse Ag accumulated 0% or 73,850 shares. Wedge Capital Mngmt L L P Nc last reported 0.01% of its portfolio in the stock. Menta Cap Ltd Liability Corporation last reported 0.17% of its portfolio in the stock.

Insider Transactions: Since July 28, 2016, the stock had 0 insider buys, and 11 selling transactions for $3.30 million net activity. 8,250 shares were sold by BAYER TERRY, worth $478,500 on Tuesday, August 2. Another trade for 2,500 shares valued at $147,050 was made by ORLANDO STEVEN J on Monday, August 8. $145,925 worth of Molina Healthcare, Inc. (NYSE:MOH) shares were sold by Murray Frank E MD. 250 shares were sold by ROMNEY RONNA, worth $14,478. 1,600 shares with value of $88,736 were sold by Carruthers Garrey on Tuesday, September 13. Another trade for 6,676 shares valued at $390,399 was sold by WHITE JOSEPH W CPA. MOLINA JOHN C sold $1.50M worth of Molina Healthcare, Inc. (NYSE:MOH) on Monday, October 24.

More important recent Molina Healthcare, Inc. (NYSE:MOH) news were published by: Businesswire.com which released: “Molina Healthcare to Acquire the Total Care Medicaid Plan in Upstate New York …” on April 19, 2016, also Prnewswire.com published article titled: “Molina Healthcare and Memorial Hermann Announce improved access to care for …”, Businesswire.com published: “Molina Healthcare Completes Acquisition of the Total Care Medicaid Plan in …” on August 01, 2016. More interesting news about Molina Healthcare, Inc. (NYSE:MOH) was released by: Prnewswire.com and their article: “New Research From First Book and Molina Healthcare Identifies Emotional …” with publication date: November 04, 2016.

MOH Company Profile

Molina Healthcare, Inc., incorporated on July 24, 2002, offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Firm operates through three divisions: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business. It arranges healthcare services for its members through contracts with providers that include independent physicians and groups, hospitals, ancillary providers and its own clinics. The Company’s network of providers includes primary care physicians, specialists and hospitals.

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